Todays Report: Today: New Residential Investment Corp. (NRZ) Stake Boosted by Global X Management Co. LLC

Today: New Residential Investment Corp. (NRZ) Stake Boosted by Global X Management Co. LLC

Global X Management Co. LLC boosted its position in New Residential Investment Corp. (NYSE:NRZ) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 651,950 shares of the real estate investment trust’s stock after buying an additional 14,831 shares during the period. Global X Management Co. LLC owned about 0.28% of New Residential Investment Corp. worth $9,003,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc raised its stake in shares of New Residential Investment Corp. by 19.3% in the third quarter. NEXT Financial Group Inc now owns 7,410 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 1,201 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of New Residential Investment Corp. by 58.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,737 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 3,954 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of New Residential Investment Corp. by 19.8% in the second quarter. Public Employees Retirement System of Ohio now owns 10,857 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 1,798 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of New Residential Investment Corp. during the second quarter worth $152,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of New Residential Investment Corp. during the second quarter worth $158,000. 55.38% of the stock is owned by hedge funds and other institutional investors.

New Residential Investment Corp. (NYSE:NRZ) traded up 0.556% on Monday, hitting $15.375. 555,854 shares of the company traded hands. The firm has a market capitalization of $3.86 billion, a P/E ratio of 9.386 and a beta of 0.92. New Residential Investment Corp. has a 12 month low of $9.07 and a 12 month high of $15.40. The stock’s 50-day moving average is $14.15 and its 200 day moving average is $13.85.

New Residential Investment Corp. (NYSE:NRZ) last announced its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. New Residential Investment Corp. had a net margin of 38.93% and a return on equity of 15.13%. During the same period in the previous year, the business posted $0.49 EPS. Equities analysts forecast that New Residential Investment Corp. will post $1.72 EPS for the current fiscal year.

A number of brokerages recently weighed in on NRZ. Barclays PLC set a $16.00 price objective on shares of New Residential Investment Corp. and gave the company a “buy” rating in a report on Saturday, November 19th. Nomura restated a “hold” rating and issued a $15.00 price target on shares of New Residential Investment Corp. in a report on Thursday, November 3rd. Zacks Investment Research upgraded shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Saturday, November 5th. TheStreet upgraded shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, November 15th. Finally, Wedbush initiated coverage on shares of New Residential Investment Corp. in a report on Wednesday, October 5th. They issued an “outperform” rating and a $17.00 price target for the company. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $15.79.

In other New Residential Investment Corp. news, Director Andrew Sloves bought 13,200 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were acquired at an average cost of $14.22 per share, with a total value of $187,704.00. Following the acquisition, the director now directly owns 700 shares of the company’s stock, valued at approximately $9,954. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by insiders.

About New Residential Investment Corp.

Related posts

Leave a Comment